MBWM Insider Trading

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Insider Trading History
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About

Insider Ownership Percentage: 3.08%

Insider Buying (Last 12 Months): $3,651.00

Insider Selling (Last 12 Months): $137,160.00

Mercantile Bank Insider Trading History Chart

Mercantile Bank Share Price & Price History

^$36.95

▲ +0.49 (1.34%)

As of 04/23/2024 01:00 AM ET

Days: 30 | 90 | 365

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Mercantile Bank Insider Trading History

Transaction Date	Insider Name	Title	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
3/11/2024	Nelson F Sanchez	Director	Buy	100	$36.51	$3,651.00	1,265
7/26/2023	Michael H Price	Director	Sell	4,000	$34.29	$137,160.00	30,080
4/21/2023	David B Ramaker	Director	Buy	3,000	$28.98	$86,940.00	10,394
1/20/2023	David B Ramaker	Director	Buy	1,500	$33.33	$49,995.00	7,394
8/18/2022	David B Ramaker	Director	Buy	3,000	$36.58	$109,740.00	5,894
1/26/2022	Lonna Wiersma	Director	Sell	2,000	$39.60	$79,200.00
1/24/2022	Lonna Wiersma	Director	Sell	2,214	$38.42	$85,061.88
1/21/2022	Robert T. Worthington	SVP	Sell	3,000	$38.11	$114,330.00
11/5/2021	Lonna Wiersma	Director	Sell	2,500	$36.88	$92,200.00
6/3/2021	Robert T. Worthington	COO	Buy	3,431	$32.56	$111,713.36	8,779

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SEC Filings (Institutional Ownership Changes) for Mercantile Bank (NASDAQ:MBWM)

58.63% of Mercantile Bank stock is owned by institutions. Institutional ownership can be a sign of analyst confidence in the fundamentals of the stock.

Institutional Buying and Selling by Quarter

Mercantile Bank Institutional Trading History

Reporting Date	Hedge Fund	Shares Held	Market Value	% of Portfolio	Quarterly Change in Shares	Ownership in Company
4/23/2024	LaFleur & Godfrey LLC	35,858	$1.38M	0.2%	-3.5%	0.222%
4/23/2024	Fifth Third Bancorp	1,449	$56K	0.0%	-32.4%	0.009%
4/19/2024	Denali Advisors LLC	17,000	$0.65M	0.2%	+126.7%	0.105%
4/18/2024	Allspring Global Investments Holdings LLC	4,660	$0.18M	0.0%	+9.2%	0.029%
4/18/2024	Tributary Capital Management LLC	247,727	$9.54M	0.8%	-20.9%	1.537%
4/17/2024	Hennion & Walsh Asset Management Inc.	10,653	$0.41M	0.0%	+16.7%	0.066%
3/22/2024	PNC Financial Services Group Inc.	6,438	$0.26M	0.0%	-11.2%	0.040%
2/20/2024	Voisard Asset Management Group Inc.	944	$38K	0.0%	N/A	0.006%
2/13/2024	Banc Funds Co. LLC	471,558	$19.04M	1.9%	-4.4%	2.944%
2/13/2024	First National Bank of Omaha	12,302	$0.50M	0.0%	-3.7%	0.077%
2/13/2024	Tower Research Capital LLC TRC	1,772	$72K	0.0%	+104.1%	0.011%
2/9/2024	Hillsdale Investment Management Inc.	72,846	$2.94M	0.2%	-4.8%	0.455%
2/9/2024	PNC Financial Services Group Inc.	6,438	$0.26M	0.0%	-11.2%	0.040%
2/7/2024	Dimensional Fund Advisors LP	1,151,731	$46.51M	0.0%	+0.0%	7.187%
2/7/2024	Teacher Retirement System of Texas	8,784	$0.36M	0.0%	-29.7%	0.055%
2/6/2024	Charles Schwab Investment Management Inc.	199,041	$8.04M	0.0%	+1.7%	1.242%
2/6/2024	Swiss National Bank	31,600	$1.28M	0.0%	-10.2%	0.197%
2/6/2024	New York Life Investment Management LLC	11,292	$0.46M	0.0%	-3.0%	0.070%
2/5/2024	Victory Capital Management Inc.	18,300	$0.74M	0.0%	-26.8%	0.114%
2/2/2024	Truist Financial Corp	5,430	$0.22M	0.0%	N/A	0.034%
2/1/2024	Wedge Capital Management L L P NC	12,916	$0.52M	0.0%	+13.9%	0.081%
2/1/2024	North Star Asset Management Inc.	362,309	$14.63M	0.7%	+0.5%	2.262%
1/30/2024	Strs Ohio	13,200	$0.53M	0.0%	-5.7%	0.082%
1/25/2024	Allspring Global Investments Holdings LLC	4,268	$0.17M	0.0%	+214.5%	0.027%
1/25/2024	Nisa Investment Advisors LLC	2,375	$96K	0.0%	-22.8%	0.015%
1/23/2024	Trust Point Inc.	9,298	$0.38M	0.0%	N/A	0.058%
1/22/2024	Strategies Wealth Advisors LLC	25,649	$1.04M	0.2%	+12.6%	0.160%
1/19/2024	Denali Advisors LLC	7,500	$0.30M	0.1%	+29.3%	0.047%
1/18/2024	Well Done LLC	6,050	$0.24M	0.0%	N/A	0.038%
1/18/2024	LaFleur & Godfrey LLC	37,177	$1.50M	0.2%	-1.3%	0.232%
1/17/2024	jvl associates llc	62,015	$2.50M	1.1%	-4.2%	0.387%
1/17/2024	Assenagon Asset Management S.A.	70,793	$2.86M	0.0%	+95.4%	0.442%
1/16/2024	Tributary Capital Management LLC	313,311	$12.65M	1.1%	-1.8%	1.956%
12/19/2023	Public Employees Retirement System of Ohio	3,953	$0.12M	0.0%	+29.0%	0.025%
12/18/2023	Vanguard Group Inc.	799,865	$24.72M	0.0%	+1.7%	4.993%
12/6/2023	Citigroup Inc.	2,328	$72K	0.0%	-74.6%	0.015%
11/30/2023	American Century Companies Inc.	165,138	$5.10M	0.0%	+15.0%	1.031%
11/15/2023	Kennedy Capital Management LLC	17,889	$0.55M	0.0%	+10.4%	0.112%
11/13/2023	Regal Investment Advisors LLC	13,500	$0.42M	0.0%	-21.7%	0.084%
11/13/2023	Brandywine Global Investment Management LLC	48,586	$1.50M	0.0%	+15.9%	0.303%
11/13/2023	Acadian Asset Management LLC	70,199	$2.17M	0.0%	-15.0%	0.438%
11/13/2023	Hsbc Holdings PLC	9,059	$0.28M	0.0%	+3.9%	0.057%
11/13/2023	ClariVest Asset Management LLC	22,769	$0.70M	0.0%	N/A	0.142%
11/13/2023	PNC Financial Services Group Inc.	7,254	$0.22M	0.0%	-6.8%	0.045%
11/13/2023	DekaBank Deutsche Girozentrale	5,407	$0.17M	0.0%	N/A	0.034%
11/8/2023	Huntington National Bank	3,997	$0.12M	0.0%	+55.2%	0.025%
11/8/2023	Charles Schwab Investment Management Inc.	195,809	$6.05M	0.0%	+2.2%	1.222%
11/8/2023	Swiss National Bank	35,200	$1.09M	0.0%	+6.3%	0.220%
11/8/2023	New York Life Investment Management LLC	11,643	$0.36M	0.0%	-13.6%	0.073%
11/7/2023	Barclays PLC	16,259	$0.50M	0.0%	-5.7%	0.101%
11/6/2023	Assenagon Asset Management S.A.	36,226	$1.12M	0.0%	+38.3%	0.226%
11/6/2023	Victory Capital Management Inc.	25,000	$0.77M	0.0%	-20.2%	0.156%
10/31/2023	Teacher Retirement System of Texas	12,499	$0.39M	0.0%	-4.9%	0.078%
10/27/2023	Hennion & Walsh Asset Management Inc.	16,628	$0.51M	0.0%	-6.3%	0.104%
10/27/2023	Allspring Global Investments Holdings LLC	1,357	$42K	0.0%	-90.6%	0.008%
10/26/2023	North Star Asset Management Inc.	360,632	$11.15M	0.6%	+0.7%	2.251%
10/26/2023	Inspire Investing LLC	20,160	$0.62M	0.1%	N/A	0.126%
10/26/2023	Advisor Partners II LLC	6,666	$0.21M	0.0%	N/A	0.042%
10/26/2023	Strs Ohio	14,000	$0.43M	0.0%	-30.7%	0.087%
10/24/2023	Bailard Inc.	11,233	$0.35M	0.0%	N/A	0.070%
10/24/2023	Bank of New York Mellon Corp	125,120	$3.87M	0.0%	+3.0%	0.781%
10/20/2023	Denali Advisors LLC	5,800	$0.18M	0.1%	N/A	0.036%
10/13/2023	SG Americas Securities LLC	7,843	$0.24M	0.0%	N/A	0.049%
10/13/2023	Wedge Capital Management L L P NC	11,338	$0.35M	0.0%	N/A	0.071%
10/11/2023	Tributary Capital Management LLC	318,911	$9.86M	0.9%	+1.4%	1.991%
10/11/2023	Dynamic Advisor Solutions LLC	7,000	$0.22M	0.0%	N/A	0.044%
8/11/2023	Hotchkis & Wiley Capital Management LLC	139,680	$3.86M	0.0%	+8.7%	0.872%
8/11/2023	Brandywine Global Investment Management LLC	41,918	$1.16M	0.0%	+7.1%	0.262%
8/11/2023	Huntington National Bank	2,575	$71K	0.0%	+257,400.0%	0.016%
8/10/2023	US Bancorp DE	5,383	$0.15M	0.0%	-13.6%	0.034%
8/9/2023	Dimensional Fund Advisors LP	1,163,193	$32.13M	0.0%	-2.5%	7.261%
8/7/2023	Acadian Asset Management LLC	82,595	$2.28M	0.0%	-17.8%	0.516%
8/7/2023	New York Life Investment Management LLC	13,477	$0.37M	0.0%	-12.9%	0.084%
8/3/2023	John W. Rosenthal Capital Management Inc.	45,000	$1.24M	1.6%	-10.0%	0.281%
8/3/2023	CWM LLC	940	$26K	0.0%	+55.1%	0.006%
8/3/2023	Bank of New York Mellon Corp	121,510	$3.36M	0.0%	-0.8%	0.759%
8/2/2023	Bank of Montreal Can	20,233	$0.61M	0.0%	N/A	0.126%
8/2/2023	LSV Asset Management	212,678	$5.87M	0.0%	+0.6%	1.329%
7/31/2023	Strs Ohio	20,200	$0.56M	0.0%	+8.6%	0.126%
7/27/2023	Victory Capital Management Inc.	31,342	$0.87M	0.0%	-6.4%	0.196%
7/27/2023	Seizert Capital Partners LLC	8,985	$0.25M	0.0%	-6.5%	0.056%
7/27/2023	EA Series Trust	36,037	$1M	0.0%	N/A	0.225%
7/25/2023	Assenagon Asset Management S.A.	26,195	$0.72M	0.0%	-60.4%	0.164%
7/24/2023	Allspring Global Investments Holdings LLC	14,481	$0.40M	0.0%	+105.1%	0.091%
7/21/2023	Creative Planning	9,956	$0.28M	0.0%	-6.5%	0.062%
7/20/2023	LaFleur & Godfrey LLC	37,647	$1.04M	0.2%	-2.1%	0.235%
7/19/2023	Teacher Retirement System of Texas	13,145	$0.36M	0.0%	-6.8%	0.082%
7/18/2023	Allspring Global Investments Holdings LLC	14,481	$0.40M	0.0%	+105.1%	0.091%
7/17/2023	Tributary Capital Management LLC	314,587	$8.69M	0.8%	-1.5%	1.966%
6/27/2023	Strategies Wealth Advisors LLC	22,398	$0.69M	0.2%	+120.1%	0.140%
5/25/2023	Brandywine Global Investment Management LLC	39,128	$1.20M	0.0%	+326.2%	0.245%
5/12/2023	Brandywine Global Investment Management LLC	39,128	$1.20M	0.0%	+326.2%	0.245%
5/12/2023	Martingale Asset Management L P	12,810	$0.39M	0.0%	+4.9%	0.080%
5/11/2023	Acadian Asset Management LLC	100,466	$3.07M	0.0%	-21.3%	0.628%
5/10/2023	North Star Asset Management Inc.	332,164	$10.16M	0.6%	+4.5%	2.076%
5/9/2023	Seizert Capital Partners LLC	9,607	$0.29M	0.0%	-19.1%	0.060%
5/8/2023	New York Life Investment Management LLC	15,469	$0.47M	0.0%	N/A	0.097%
5/8/2023	Zurcher Kantonalbank Zurich Cantonalbank	3,107	$95K	0.0%	+121.6%	0.019%
5/4/2023	Barclays PLC	14,919	$0.46M	0.0%	+54.2%	0.093%
5/3/2023	First National Bank of Omaha	13,012	$0.40M	0.0%	-3.9%	0.081%

Data available starting January 2016

Mercantile Bank Corporation operates as the bank holding company for Mercantile Bank of Michigan that provides commercial and retail banking services to small- to medium-sized businesses and individuals in the United States. It accepts various deposit products, including checking, savings, and term certificate accounts; time deposits; and certificates of deposit. The company also provides commercial and industrial loans; vacant land, land development, and residential construction loans; owner and non-owner occupied real estate loans; multi-family and residential rental property loans; single-family residential real estate loans; home equity line of credit programs; and consumer loans, such as new and used automobile and boat loans, and credit cards, as well as overdraft protection services; and residential mortgage and instalment loans. In addition, it offers courier services and safe deposit facilities; and insurance products, such as private passenger automobile, homeowners, personal inland marine, boat owners, recreational vehicle, dwelling fire, umbrella policies, small business, and life insurance products. The company was incorporated in 1997 and is headquartered in Grand Rapids, Michigan.

Today's Range

Now: $36.95

$36.24

$37.14

50 Day Range

MA: $36.78

$33.62

$38.96

52 Week Range

Now: $36.95

$23.89

$42.82

Volume

62,287 shs

Average Volume

79,128 shs

Market Capitalization

$595.63 million

P/E Ratio

7.16

Dividend Yield

3.88%

Beta

0.97

Who are the company insiders with the largest holdings of Mercantile Bank?: Mercantile Bank's top insider investors include:
Michael H Price (Director)
David B Ramaker (Director)
Nelson F Sanchez (Director)
Learn More about top insider investors at Mercantile Bank.
Who are the major institutional investors of Mercantile Bank?: Mercantile Bank's top institutional shareholders include:
Tributary Capital Management LLC — 1.54%
LaFleur & Godfrey LLC — 0.22%
Denali Advisors LLC — 0.11%
Hennion & Walsh Asset Management Inc. — 0.07%
Allspring Global Investments Holdings LLC — 0.03%
Fifth Third Bancorp — 0.01%
Learn More about top institutional investors of Mercantile Bank stock.
Which major investors are selling Mercantile Bank stock?: During the last quarter, MBWM stock was sold by these institutional investors:
Tributary Capital Management LLC
LaFleur & Godfrey LLC
Fifth Third Bancorp
Which major investors are buying Mercantile Bank stock?: In the last quarter, MBWM stock was bought by institutional investors including:
Denali Advisors LLC
Hennion & Walsh Asset Management Inc.
Allspring Global Investments Holdings LLC
In the previous year, these company insiders have bought Mercantile Bank stock:
Michael H Price (Director)
David B Ramaker (Director)
Learn More investors buying Mercantile Bank stock.